Question
The following information relates to Blossom Co. for the year 2020. Owner's capital, January 1, 2020$57,158Advertising expense$2,143Owner's drawings during 20207,145Rent expense12,384Service revenue75,735Utilities expense3,691Salaries and wages
The following information relates to Blossom Co. for the year 2020.
Owner's capital, January 1, 2020$57,158Advertising expense$2,143Owner's drawings during 20207,145Rent expense12,384Service revenue75,735Utilities expense3,691Salaries and wages expense35,129
After analyzing the data, prepare an income statement for the year ending December 31, 2020.
After analyzing the data, prepare an owner's equity statement for the year ending December 31, 2020.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
18th edition
1292162406, 978-1292162409
